Recently, the Bank of Piraeus released a research report on real estate in Greece. The report points out that the price of real estate in Greece will be 4.9 per year. %'s growth rate is rising, and will continue until 2027, and is expected to return to before the outbreak of the financial crisis.
The report also predicts that housing prices in Greece will increase in 2021 from the same period last year 5.7%, and will increase in 2022 6.4%, up in 20235.7% and 2024 up 5%.
Athens' housing prices are rising as high as 81%
Last month, the asking price of real estate nationwide in Greece increased by 3.3% year-on-year. Despite the raging epidemic, Rents still rose by 6.5%. At present, in the capital, Athens, housing prices have risen in 81.2% of the areas, 14.5% have fallen, and 4.3% have remained unchanged.
This data is in line with the analysis report of DBRS, the world's fourth largest rating agency: Despite the impact of the new crown epidemic, the Greek real estate market will remain resilient in 2021.
Greece’s international rating rises
The forecast and assessment of the economic outlook of Greece in the international investment community maintain a positive attitude towards Greece.
In its summer economic forecast report released by the European Union, it is expected that the Greek economy will have a 4.3% According to the development of the general economic situation in Greece, the EU maintains the economic growth of 6% on the Greek economy in 2022 Expected.
It is worth noting that after the international rating agencies Standard & Poor's and Moody's upgraded Greece's national sovereign rating, another international credit rating agency Fitch adjusted Greece's rating to "BB" and the outlook is stable.
In addition, the International Monetary Fund is also optimistic about Greece's economic forecast for 2021, stating that although the epidemic has not dissipated, the Greek government has made drastic measures in epidemic control and economic reforms and responded quickly, which will help the recovery of the Greek economy. In addition to the strong economic recovery in the European Union and the Eurozone, it is expected to return to the level before the epidemic this year.
Greek Prime Minister Mizotakis previously stated at the Economist Roundtable in Athens that the Greek economy has withstood the impact and test of the new crown epidemic and is ready to recover. He is "extremely optimistic" about the future direction of the Greek economy.
For Greek investors, Greek real estate brings not only the value of ordinary real estate, but also its convenient identity conditions: investment250,000 euros, three generations of the family can apply for Greek permanent residence visas and travel to 26 Schengen countries. At the same time, they can also enjoy Greek education, medical and other social welfare benefits, and they can also obtain freehold property in Greece. , The establishment of a second overseas homeland can be said to serve multiple purposes in one fell swoop.
Now is a good time to invest in Greece! Interested parties contact us for more professional consultation about Greece!
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